ConvergEx Quits 'Front-End' Tech Business with Eze, RealTick Sale

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Joseph Velli, chairman and CEO, ConvergEx Group.

The sale had been rumored for some time among vendor communities and private equity circles, with trade press reports surfacing at the end of last year. Eze Castle and RealTick will combine to form the Eze Software Group, and will complete the acquisition of Tradar upon ConvergEx closing the deal with TPG. "We believe, based on market conditions and the opportunities presented to us, that our best option was to break the company into two pieces─the execution business and the software business